The stories and the ultimate expense impacts are similar for social security and other programs that grow with increases in the number of aged citizens.
We are turning the corner, but going the wrong way. Here is how the Congressional Budget Office (CBO) shows federal deficits increasing back into the $1 billion to $1.5 billion range as a consequence.
Halfway through his second term Dear President has done absolutely nothing to address the programmatic impacts of the tsunami. He will do nothing in his last two years in office either other than to lay back and trash any Republican that hints at spending reforms that will limit expense growth.
Gridlock, thy name is Barack.
The tsunami rolls on.